The Oan Isles: Difference between revisions

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== Economy ==

The economic system of the Oan Isles takes place in the framework of a mixed economy. While the government intervenes in the economy through high tax rates, a wide social safety net and private sector regulation, private property is respect and the factors of production are controlled through free market forces. Total economic output stands at a nominal GDP of 480 billion KRB (600 billion KRB in PPP terms). With a nominal GDP per capita of 40,000 KRB (PPP GDP per capita of 50,000 KRB), the Oan Isles is considered a post-industrial highly developed upper income economy. After the annexation of the Kohatu Isles and the discovery of fossil fuels, the Oan economy has grown at an average rate of 6% annually, among the highest in the region.

The country has a medium-sized total economic output of 340 billion kiribs. It is a high income country, with a GDP per capita of 40,000. As a developed country, its people enjoy a high standard of living and low rates of unemployment, but it struggles with high debt and inequality where large powerful families control significant portions of national wealth and income. Despite these short-comings, the economy is managed well through a free market socialist economy.

The economy maintains a substantial annual balance of payments account of 5 billion KRB. Prior to the discovery of fossil fuels, the debt to GDP ratio was high, but has now declined. With stable accounts and prudent financial management, the economy is a net lender and major exporter of goods and services. The country's biggest exports are fossil fuels, lumber, fish, high value-added manufactured goods like military hardware, optic fibres and semi-conductors. With only a quarter of the land being arable, the country is a net importer of food and its major imports include raw materials and motor vehicles. As an export driven market, its largest trade partners are in [[Aurora]] and to a lesser extent [[Novaris]] and Concord. As a developed economy, the service sector makes up a substantial share of economic output, with financial services, information technology services, tourism and transshipment being the largest components.

The agricultural sector makes up 10% of the economy, with its largest sectors comprising of the production of fish, tropical fruits, and hardwood. The mineral extraction sector grew significantly after the annexation of the Kōhatu Isles to comprise 15% of the economy primarily because of the production of natural gas and petroleum. The manufacturing sector is the biggest contributor to foreign income and makes up 20% of the economy primarily in the production of high tech electronics, and shipbuilding. The largest sector is the services sector, which makes up the remaining 45% of the economy, with retail, financial services, transhipment, and telecommunications comprising the largest sectors.

=== Infrastructure ===

The Oan Isles has a large economic impact on other nations. Major companies originate from or have their headquarters in the Oan Isles such as the [[Metatron Corporation]] in high tech electronics, Cafe Net in internet services and telecommunications, floatingmarket.com in online retail, Ita Marama in accounting and auditing, and the Standard National Bank in corporate banking. The country has strong trade and capital flows with Great Morstaybishlia, Kuthernburg, Xagrurg, [[Emberwood Coast]], [[Axdel]] and [[Dragonia]].

As an island nation, the primary mode of transport is by air and sea. Thus, there are several small airports and seaports connecting the country. The largest airport is the Tokapa International Airport on the island of Tokamotu. The port of Tauranga a te Toka is among the busiest container ports in the Auroran region. The main form of land transportation is by rail or bus. Because of the mountainous terrain, the construction of roads is challenging and expensive. Furthermore, the high population density in habitable areas of the country results in congestion and high air pollution. Thus, the country has prioritized public transport as the main form of transport. The fastest rail line is the Tokapa to Tauranga a te Toka maglev line at around 400km per hour. On average a commute in any of the 8 major Home Islands takes 40 minutes or less.

The Oan Isles is a net energy exporter and has a healthy energy mix. Fossil fuels, nuclear energy and hydroelectric power provide a roughly equal share of the nation's energy needs. Because the country is prone to flooding due to monsoon storms, the nation has an extensive network of canals and levees to mitigate the effects of high rainfall. Due to its small area, the country does not have large natural lakes. Thus, rain-fed artificial reservoirs provide most of the country’s water needs. High rates of urbanisation have led to a high concentration of water delivery infrastructure.

== Demographics ==

@@ Line 183: / Line 183: @@
 == Economy ==
+The economic system of the Oan Isles takes place in the framework of a mixed economy. While the government intervenes in the economy through high tax rates, a wide social safety net and private sector regulation, private property is respect and the factors of production are controlled through free market forces. Total economic output stands at a nominal GDP of 480 billion KRB (600 billion KRB in PPP terms). With a nominal GDP per capita of 40,000 KRB (PPP GDP per capita of 50,000 KRB), the Oan Isles is considered a post-industrial highly developed upper income economy. After the annexation of the Kohatu Isles and the discovery of fossil fuels, the Oan economy has grown at an average rate of 6% annually, among the highest in the region.
-The country has a medium-sized total economic output of 340 billion kiribs. It is a high income country, with a GDP per capita of 40,000. As a developed country, its people enjoy a high standard of living and low rates of unemployment, but it struggles with high debt and inequality where large powerful families control significant portions of national wealth and income. Despite these short-comings, the economy is managed well through a free market socialist economy.
+The economy maintains a substantial annual balance of payments account of 5 billion KRB. Prior to the discovery of fossil fuels, the debt to GDP ratio was high, but has now declined. With stable accounts and prudent financial management, the economy is a net lender and major exporter of goods and services. The country's biggest exports are fossil fuels, lumber, fish, high value-added manufactured goods like military hardware, optic fibres and semi-conductors. With only a quarter of the land being arable, the country is a net importer of food and its major imports include raw materials and motor vehicles. As an export driven market, its largest trade partners are in [[Aurora]] and to a lesser extent [[Novaris]] and Concord. As a developed economy, the service sector makes up a substantial share of economic output, with financial services, information technology services, tourism and transshipment being the largest components.
-The agricultural sector makes up 10% of the economy, with its largest sectors comprising of the production of fish, tropical fruits, and hardwood. The mineral extraction sector grew significantly after the annexation of the Kōhatu Isles to comprise 15% of the economy primarily because of the production of natural gas and petroleum. The manufacturing sector is the biggest contributor to foreign income and makes up 20% of the economy primarily in the production of high tech electronics, and shipbuilding. The largest sector is the services sector, which makes up the remaining 45% of the economy, with retail, financial services, transhipment, and telecommunications comprising the largest sectors.
+=== Infrastructure ===
-The Oan Isles has a large economic impact on other nations. Major companies originate from or have their headquarters in the Oan Isles such as the [[Metatron Corporation]] in high tech electronics, Cafe Net in internet services and telecommunications, floatingmarket.com in online retail, Ita Marama in accounting and auditing, and the Standard National Bank in corporate banking. The country has strong trade and capital flows with Great Morstaybishlia, Kuthernburg, Xagrurg, [[Emberwood Coast]], [[Axdel]] and [[Dragonia]].
+As an island nation, the primary mode of transport is by air and sea. Thus, there are several small airports and seaports connecting the country. The largest airport is the Tokapa International Airport on the island of Tokamotu. The port of Tauranga a te Toka is among the busiest container ports in the Auroran region. The main form of land transportation is by rail or bus. Because of the mountainous terrain, the construction of roads is challenging and expensive. Furthermore, the high population density in habitable areas of the country results in congestion and high air pollution. Thus, the country has prioritized public transport as the main form of transport. The fastest rail line is the Tokapa to Tauranga a te Toka maglev line at around 400km per hour. On average a commute in any of the 8 major Home Islands takes 40 minutes or less.
+The Oan Isles is a net energy exporter and has a healthy energy mix. Fossil fuels, nuclear energy and hydroelectric power provide a roughly equal share of the nation's energy needs. Because the country is prone to flooding due to monsoon storms, the nation has an extensive network of canals and levees to mitigate the effects of high rainfall. Due to its small area, the country does not have large natural lakes. Thus, rain-fed artificial reservoirs provide most of the country’s water needs. High rates of urbanisation have led to a high concentration of water delivery infrastructure.
 == Demographics ==

The Oan Isles: Difference between revisions

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